iQSTEL Plans For Recently Acquired loT Labs Mexico’s ‘Smart Gas Platform’ To Extend Re-mote Monitoring Of LP Gas Tanks To Gasoline, Beverage and Water Tanks
iQSTEL, Inc. (OTC: IQST) on May 11, 2020 announces it has plans to extend the remote monitoring of newly acquired IoT Labs Mexico’s (IoT Labs Mx SAPI) IoT ‘Smart Gas Platform’ from remote monitoring of LP gas tanks in real-time to general storage tanks, including gasoline, beverage, water and more. Through a SmartPhone app, tank owners can monitor real-time storage levels through a radio signal and/or cellular connection. iQSTEL, Inc. (OTC: IQST) also plans to commercialize the patent pending product throughout Mexico, Latin America and later to Europe and Canada.
Media companies such as Stock Market Press are reporting on the fast growing telecommunications market. It keeps readers up to date on company stocks such as iQSTEL Inc. (OTC: IQST), amazon.com (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL), Apple Inc. (NASDAQ: AAPL), Nokia Corporation (NYSE: NOK), Liberty Global (NASDAQ: LBTYA), Vodafone Group PLC (NASDAQ: VOD), Telefónica SA (NYSE: TEF), Samsung Electronics Co. Ltd. (OTC: SSNLF), (Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS),Ericsson (NASDAQ: ERIC) and DISH Network Corporation (NASDAQ: DISH).
iQSTEL (OTC: IQST) Plans For Recently Acquired loT Labs Mexico’s ‘Smart Gas Platform’ To Extend Remote Monitoring Of LP Gas Tanks To Gasoline, Beverage and Water Tanks
iQSTEL’s (OTC: IQST) newly 100% acquired IoT Labs Mexico, an Internet of Things (IoT) developer, has set the stage for the parent company to expand the application and regional impact of its star product: the “IoT Smart Gas Platform. Already, more than 100 of these devices are in the field and allows users to use a SmartPhone app to monitor gas levels in LP gas tanks in real time. The device can be adhered to an LP gas tank easily in minutes. The Platform itself consists of in-field equipment, mobile application and backend software platform. iQSTEL (OTC: IQST) Plans For Recently Acquired loT Labs Mexico’s ‘Smart Gas Platform’ To Extend Remote Monitoring Of LP Gas Tanks To Gasoline, Beverage and Water Tanks.
iQSTEL (OTC: IQST) plans to expand the ‘IoT Smart Gas Platform’ device to other general storage tanks, too. It also plans to expand them regionally from Mexico today to all of Latin America and later to Europe and Canada, according to Francisco Bunt, CEO of IoT Labs Mexico. He said, “IoT Smart Gas units are in production, with more than 100 in field use already. The existing infrastructure access that iQSTEL allows us to benefit from will assist in the rapid commercialization process across Mexico, Latin America, and later this throughout Europe and Canada.” iQSTEL (OTC: IQST) Plans For Recently Acquired loT Labs Mexico’s ‘Smart Gas Platform’ To Extend Remote Monitoring Of LP Gas Tanks To Gasoline, Beverage and Water Tanks.
Further Details On The ‘IoT Smart Gas Platform’ Are Available On Company Websites
The IoT Smart Gas Platform is a consumer installable device that offers real time LP gas tank monitoring and provides refilling requests via a SmartPhone add through the company’s gas partners. It works anywhere there is a radio signal and/or cellular connection. Once connected to a tank, its battery can be unattended for more than two years before battery replacement is needed. The unit consists of in-field equipment, mobile application and a back end software platform. iQSTEL (OTC: IQST) Plans For Recently Acquired loT Labs Mexico’s ‘Smart Gas Platform’ To Extend Remote Monitoring Of LP Gas Tanks To Gasoline, Beverage and Water Tanks.
Further details on the wireless and patent pending Smart Gas Platform device is available at the websites www.IoTlabs.mx and www.smartgas.lat. It explains how it easily installs in minutes with a screwdriver and makes sure the consumer never runs out of gas. It monitors gas consumption in real time, tells by consumption use if a gas leak exists and creates alerts on a SmartPhone if ordering of more gas is needed.
Mr. Iglesias, CEO of iQSTEL (OTC: IQST), Says Platform Will be Disruptive To The Gas Industry
Mr. Iglesias, CEO of iQSTEL, said, “We have been looking for a high value IoT product for customers along with strong corporate margins and IoT Labs MX along with their IoT Smart Gas Platform is a perfect fit, This platform will be disruptive in the gas industry, significantly increasing efficiencies. IoT labs and the iQSTEL team are already designing upgrades to expand the platform from LP gas tanks to general storage tanks, including gasoline, beverage, water and more.
“The IoT marketplace, part of our 21st century enhanced communications corporate vision, is seeking demand explode. The infrastructure to support this growth is being deployed by iQSTEL throughout Latin America,” Mr. Iglesias said
iQSTEL, Inc. (OTC: IQST) Reports 20% Rise In Q1 Revenues To $5 Million, Sales From Businesses And Stay-At-Home Strategy Strong During COVID-19 Pandemic
iQSTEL, Inc. (OTC: IQST) has reported record setting growth continuing in 2020 with a 20% jump in year-over-year Q1 revenues to $5 million due in part to a ‘very strong’ performance through the COVID-19 pandemic. Many businesses extended their work-from-home strategy — boosting intra-company telco services. iQSTEL expects this trend to continue. It reported sales of $4,980,151 for the current quarter, exclusive of sales from new Miami-based subsidiary QGlobal SMS. It projects sales including those of QGlobal SMS at $9+ million for Q2.
iQSTEL, Inc. (OTC: IQST) Expands Network Of Subsidiaries
The parent company owns a 75% stake in blockchain subsidiary itsBchain LLC. iQSTEL Inc. (OTC: IQST) wholly owns Miami-based subsidiary, Etelix.com USA, LLC, an American-based 5G provider of Submarine Fiber Optic Network capacity for internet (4G and 5G). It owns 51% of SwissLink Carrier AG. SwissLink Carrier AG provides international VoIP connectivity worldwide and more. It owns 51% of QGlobal SMS LLC, a U.S.-based company which has international interconnection with Tier 1 SMS aggregators to more than 100 countries worldwide. It has acquired 51% of an Austin, Texas-based SMS U.S.-Mexico Service provider.
Source: Stock Market Press
Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.
Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.
Contact:
Stock Market Press
110 Wall St.
New York, NY 10005 info@stockmarketpress.com
Safe Harbor Statement: Statements in this news release may be ”forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
See Stock Market Press disclaimer: https://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press
